Business Characteristics-Types

Which type of business develops products from raw goods

• Intermediaries

• Service Firms

• Processors

• Producers

Which type of business is considered the 'middle man' because they buy, store, and resell?

• Intermediaries

• Service Firms

• Producers

• Manufacturers

Which type of business does something for a consumer or another business that they cannot or do not want to do for themselves

• Intermediaries

• Service Firm

• Producer

• Manufacturer

Which type of business change raw goods into processed goods that will be to make final products

• Service Firm

• Processors

• Non-Profit

• Producers

Which type of firm changes raw or processed goods into finished goods

• Service Firm

• Intermediaries

• Producers

• Manufacturers

Which type of business provides goods and services and operates on donations and volunteer labor

• Service Firm

• Processor

• Non-Profit

• Manufacturer

True or False: forestry, mining, and farming are all producers.

• True

• False

True or False: The Salvation Army is a manufacturer

• True

• False

True or False: A veterinarian is a service firm.

• True

• False

True or False: Cotton Mills, Oil Refineries, Textile Mills and Food Processors are all examples of Processors

• True

• False